|Day's range||1.6000 - 1.7000|
Now is a great time to start building a portfolio of growth stocks to simply hold on to for the next decade. Three industry-leading companies that I think will continue their growth trends are Spotify (NYSE: SPOT), Taiwan Semiconductor Manufacturing (NYSE: TSM), and Topgolf Callaway (NYSE: MODG). No company has been more critical in the recovery of the music business than Spotify.
Guggenheim today upgraded Spotify (NYSE:SPOT) to Buy from Neutral, with a price target of $155 vs. the prior $120. The firm said the decision hinges on its estimates of the company's subscription plan price increases and its cost management outlook.
For investors who plan ahead, stock market downturns are the time to pull out their stock shopping lists and take advantage of marked-down prices. There's no doubt in my mind that a wholesale market correction would push the stock price of Spotify (NYSE: SPOT) lower. Spotify is cash-flow-positive.